Unless you have been living under a rock for the past 5 years or so, you will certainly have heard the term ‘cryptocurrency’ finding its way into conversations especially, between poker players.
Bitcoin was the first to become a sensation, as its value went through the roof in a short space of time, but since then several other types of online currency have come to the fore.
This infatuation has been fuelled in the poker community by prominent players such as Doug Polk and Jason Lee, who have publicly shared their involvement in this new sector.
Despite this growing popularity, when it comes to ordinary people without any experience of trading on stock markets or making risky investments, the whole process of buying cryptocurrency still sounds quite complicated for many people.
Skrill offer cryptocurrency at the click of a button
As one of the leading companies when it comes to online money storage, Skrill are well placed to begin expanding their offerings to include investment opportunities.
It has been announced that their customers will now be able to buy cryptocurrency with the click of a button, and that it has made the process as simple as can be.
Skrill is already widely used by poker players to deposit and cash out on online poker sites and so the news has been positively received by the poker community.
Details of the announcement
The following details have already been announced:
- Supported cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash
- Commission for exchanging USD to BTC: 1,5%
- Commission for making a deposit to Skrill using BTC: 1%
Skrill will be using the popular crypto-exchange BitPay to process the transactions
Customers will not be able to transfer their cryptocurrency holding to other Skrill customers or use it to transact with merchants. This service will be added in the future.
Lorenzo Pellegrino, CEO of Skrill, Neteller and Income Access said “The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment. I’m confident that the ability to trade in cryptocurrencies quickly and easily through Skrill will appeal to consumers both now and in the future. We know many people want to experiment with cryptocurrency trading but don’t know where to start and we’ve made the entire process very straightforward.”
Skrill will initially be launching this service in the following countries, and it’s expected to be launched soon in other markets too.
Australia, Argentina, Austria, Belgium, Brazil, Bulgaria, Canada, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Luxembourg, Malta, Mexico, Netherlands, Norway, Peru, Poland, Portugal, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, UAE and the UK.
Article by Craig Bradshaw